leofinance is evolving, the team has become so dynamic that it is spreading it tentacles over every areas of crypto /finance related matters. Thus, as a decentralized database, lots of developments have been going on in the leoverse, bringing about a new identity for lions, leofinance and the community at large.
It is promised that after the 7th LPUD the new UI will roll out, thus Leofinance.io will have an updated front-end.
WHAT IS LEO TOKEN
First of, let us address what a Leo token is. Prior to my previous post on staking leo tokens, It is a layer 2 token on Hive. The Leo token generally is a common term within the Cryptocurrency space, that represents an asset that carries properties that are programmed into them. Thus, Leo token is an asset related to the leofinance community.
Form the look of things and with the new developments taking place in the leofinance platform, Leo tokens will be th core token of all new features been built. These new developments in the leoverse would revise the tokenomics of the $LEO token.
CURRENT FEATURES OF LEO TOKEN
In recent tweets by the leofinance community on Twitter, there have been updates on the features that will be released almost immediately after the LPUD. And Khal in recent #threads put up the current features associated to the Leo token.
The features include :
- new leofinance UI
- ad-revenue >buyback leo
- author revenue streams
- NFT-ized evergreen content
- focus on microblogging with long Form as a feature.
FEATURES THAT WOULD ADD MORE VALUE
THE NEW LEOFINANCE UI
Somehow, this is the most popular feature on the list that has gained widespread attention. It has the probabilities to reshate the tokenomics of the Leo token. There are several ways the new UI will add value to the leo
the new UI is going to bring about a change to the leoverse, a new identity for the community on everything concerned with web3 and the future of the crypto world.
monetization will bring about growth to the leofinance front-end. In view, the goal of the new leofinance UI is by adding a lot more author monetization tools which means that one will not only earn from Leo or hive's reward pool but also launch paywall newsletters and content with a small percentage slice of buy/burn Leo.
Adding value to the $leo: through the ad-revenue, author monetization, nfts, royalty on trading all these will be used to buy back Leo which will appreciate in the long run. Which is one good reason why it is advisable to stack up more Leo now is because one can make 10x more of the price at the new UI becomes active.
On becoming The everything app: leofinance strives to encompass everything thus why it is described by Khal as the "web 3 crypto killer Twitter" and not just the Twitter killer. Long Form Microblogging is one of the features accompanied with the new leofinance UI. The leofinance team believe that the future is all about creating an "Everything App" all under the LEO Token Umbrella and LeoFinance itself. Previously, one could only carry out the short-Form blogging on Leo threads but following the introduction of the new UI, a long-form blogging feature all in a bid to bring value to the Leo. The everything app becomes a powerhouse of innovative features projected by the leofinance team. Thus, Leo is the blank token for everything app.
the new UI promises to involve a user interface that is user friendly thus, Givin a simple user experience although could get complex as you dig in. Also, it's speed integrated a superior version of lightning. The open Alpha will be available for testing before Christmas🎄
OTHER FEATURES TO BE ADDED
Well, looking at what the leofinance team has been doing in terms of innovation and developments with the front-end, it's kind of hard to tell what and what should be added because it looks like they have everything planned out. Moreover, instead of bombarding the team, we should just create awareness for existing Leo product, as a means to drive traffic to them.
MOST IMPORTANT FEATURE TO BRING MORE REVENUE ON LEOFINANCE
I believe one of the important features to drive revenue on the leofinance will be the "ad revenue streams" which will be used for the Leo token buybacks, that is not only the case, through this means we would be getting a share of the ad-revenue. This happens by staking your Leo tokens for Leo power and get a percentage APY.
COMPARISON OF WEB3 PLATFORMS WITH LEOFINANCE UPCOMING FEATURES
LeoFinance as the next evolutionary stage of the internet, has a decentralized ecosystem that is different from other web3 platforms. Concerning the crypto killer Twitter, it has incorporated a different style of blogging that is different, now you can post larger contents as thread such as articles. Its hive creation account is seamless for on boarding of new members.
Again, the features are also a promotion of the tokenised social media thus setting the pace for a web 3 ecosystem on the blockchain.
Just as Khal said, no separate blank token will be launched, no separate platform will be launched and emissions will not change. All is going to happen under the united body of the leofinance.io.
SUGGESTIONS FOR LEOFINANCE TEAM TO ADVANCE MONETARY SIDE OF LEO DISTRIBUTION
The team leofinance could produce games that will require players to deposit a bare minimum of Leo to participate and earn in the long run, this could advance the monetary side of Leo distribution asides the leoads revenue.
Briefly, yesterday was the 7th and the last LPUD of the year, the leofinance community made every partakers in the power up a winner by delegating the same amount powered up. I am glad I was part of this month's LPUD.
This is my entry for the LEO&HODL contest. I invite @seyipaul2 to check this out.